Background on Section 8 renters.

[John DeFoor]

I just purchased my first rental property and have been considering doing Section 8 rental on this property. The question that I have is about the income requirements that I would like to use. I would like to see 3x the amount of income to rent. So when looking at this would I factor that in on what the occupants share of the rent is or how do some of the seasoned investor with Section 8 handle this aspect of things. A little confused on this aspect.

thanks

[Nicole A.]

That's what I would do. Get confirmation of their voucher and if it doesn't cover the entire rent amount, then verify that they have a monthly income of at least 3X the amount of the remaining rent amount not covered by the voucher. If they receive things like food stamps, you could include that is monthly income.